Deutsche Bank AG Raises Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Deutsche Bank AG boosted its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 53.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,481 shares of the construction company's stock after buying an additional 2,949 shares during the period. Deutsche Bank AG owned approximately 0.08% of Limbach worth $725,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LMB. JPMorgan Chase & Co. increased its holdings in Limbach by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company's stock worth $393,000 after purchasing an additional 699 shares during the period. Moody Aldrich Partners LLC acquired a new stake in Limbach during the 4th quarter worth approximately $4,430,000. Kestra Private Wealth Services LLC lifted its position in Limbach by 36.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 11,563 shares of the construction company's stock worth $989,000 after acquiring an additional 3,075 shares during the period. Rhumbline Advisers lifted its position in Limbach by 1.8% during the 4th quarter. Rhumbline Advisers now owns 14,065 shares of the construction company's stock worth $1,203,000 after acquiring an additional 255 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Limbach by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 12,910 shares of the construction company's stock valued at $1,104,000 after buying an additional 1,294 shares during the period. Institutional investors and hedge funds own 55.85% of the company's stock.

Insider Transactions at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $75.43, for a total value of $1,915,922.00. Following the transaction, the director now owns 164,600 shares of the company's stock, valued at approximately $12,415,778. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.20% of the company's stock.

Wall Street Analyst Weigh In

LMB has been the subject of several research analyst reports. Lake Street Capital raised their price objective on Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on Limbach in a research report on Wednesday, March 12th. Finally, Roth Capital reissued a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Limbach has a consensus rating of "Moderate Buy" and a consensus price target of $102.67.

Limbach Stock Up 1.3%

Shares of LMB traded up $1.61 during mid-day trading on Thursday, reaching $127.11. The company's stock had a trading volume of 197,740 shares, compared to its average volume of 177,567. The business has a fifty day moving average of $98.18 and a 200 day moving average of $93.26. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 57.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. Limbach Holdings, Inc. has a 1 year low of $48.17 and a 1 year high of $136.05. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results on Monday, May 5th. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.30 by $0.82. The firm had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. As a group, analysts forecast that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

About Limbach

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.